Agilysys Reports Strong Revenue Growth and Expansion

Agilysys ( (AGYS) ) just unveiled an update.

Agilysys recently announced its strategic acquisition of Book4Time, a market leader in spa software solutions, for $150 million in an all-cash transaction that closed in August 2024. This acquisition expands Agilysys’s customer base by over 30% and strengthens its product penetration among large global brands, providing a strategic advantage in competitive ecosystem deals. The company also reported strong financial performance with a projected annual revenue between $308M and $312M, a 25% year-over-year growth, and a focus on expanding its property management solutions to connect more rooms in the coming years.

The most recent analyst rating on (AGYS) stock is a Buy with a $120.00 price target. To see the full list of analyst forecasts on Agilysys stock, see the AGYS Stock Forecast page.

Spark’s Take on AGYS Stock

According to Spark, TipRanks’ AI Analyst, AGYS is a Neutral.

Agilysys demonstrates strong financial performance with impressive growth metrics and solid fundamentals, contributing positively to its stock score. However, technical analysis suggests bearish momentum, and the high P/E ratio raises concerns about overvaluation. The earnings call provided mixed signals with strong subscription growth offset by challenges in POS sales. The recent acquisition of Book4Time is a strategic positive, enhancing market presence. Overall, while there are significant strengths, caution is advised due to valuation concerns and technical indicators.

To see Spark’s full report on AGYS stock, click here.

More about Agilysys

Agilysys, Inc. is a company that specializes in providing industry-leading hospitality software solutions. Their offerings include lodging, food and beverage, inventory and procurement, and document management solutions. Agilysys operates globally with a strong presence in North America, and focuses on delivering comprehensive, customer-centric solutions to enhance employee and guest experiences in the hospitality sector.

Average Trading Volume: 286,881

Technical Sentiment Signal: Strong Buy

Current Market Cap: $3.03B

Find detailed analytics on AGYS stock on TipRanks’ Stock Analysis page.